US stocks extended a losing streak Tuesday, closing slightly lower after spending most of the day wavering between gains and losses.

The Dow Jones industrial average fell 12.67 points, or 0.1 per cent, to 16,014.38.

The Standard & Poor's 500 slipped 1.23 points, or 0.1 per cent, to 1,852.21.

The Nasdaq composite lost 14.99 points, or 0.4 per cent, to 4,268.76. The latest losses pulled the three indexes further down for the year.

The Dow is off 8.1 per cent, the S&P 500 is down 9.4 per cent. The Nasdaq is off 14.8 per cent.

Brent crude, a benchmark for international oils, was up 70 cents at $31.02 a barrel in London. It fell $2.56, or 7.8 per cent, to close at $30.32 the day before.
It was about $60 a barrel a year ago and $109 two years ago.

Benchmark US crude was up 52 cents at $28.46 a barrel in electronic trading on the New York Mercantile Exchange. The futures contract dropped $1.75, or 5.6 percent, to close at $27.94 a barrel on Tuesday, according to AP.

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Source: The Financial Express